Dáil Éireann Debate, Wednesday - 30 April 2014
92. Deputy Michael McGrath asked the Minister for Finance in circumstances where the owner has not occupied the property for the past 12 months but previously did occupy it for a long period of time, if the exemption to capital gains tax on the sale of the person's principal private residence applies even if the property has been rented out at market value during that 12 month period. [19391/14]
View answerI am informed by the Revenue Commissioners that full exemption from capital gains tax applies to the sale of an individual's only or main residence where the property has been occupied as such throughout the individual's entire period of ownership. Full exemption is also applicable where the property has been occupied as the individual's only or main residence throughout the entire period of ownership apart from the last twelve month period of ownership, even if the property is let during that twelve month period.
